Real Estate
Blackstone Venture Eyes Sale of $1.8 Billion of Signature Loans
- Debt for sale is mostly backed by apartment buildings
- The FDIC had earlier struck deals to offload Signature debt
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A partnership including Blackstone Inc. is seeking to sell roughly $1.8 billion of commercial-property loans from the failed Signature Bank.
The venture, which also includes Canada Pension Plan Investment Board and Rialto Capital, is marketing the performing loans, which are backed mostly by apartments, according to people familiar with the matter, who asked not to be identified citing private information.